Phil Maisano , the head of alternative investments for Mellon Asset...

Phil Maisano, the head of alternative investments for Mellon Asset Management, will assume the additional roles of CIO and vice chairman of Dreyfus Corp., the Mellon group's distribution subsidiary, said spokesman Joseph F. Ailinger. Mr. Maisano replaces Steve Byers, who left to pursue other opportunities, Mr. Ailinger said. Mr. Maisano will also retain his current role as chairman of EACM Advisors, the group's hedge fund-of-funds arm. In a news release, Mellon Vice Chairman and MAM President Ronald P. O'Hanley said Mr. Maisano's career "has been devoted to the evaluation of investment managers," while the Dreyfus CIO role has changed from heading that firm's proprietary investment process to "selecting, evaluating and overseeing" the products managed, for the most part, by group subsidiaries that subadvise Dreyfus' long-term funds. Dreyfus still manages its money market and municipal bond funds internally, Mr. Maisano said in a telephone interview. For the other long-term funds, the goal is delivering "the best possible results" to Dreyfus shareholders, tapping strategies offered by Mellon Asset Management subsidiaries where available and looking outside "where we can't get the results we want or need," he said.

E. Clifton Hoover Jr. was named managing director and co-CIO of the large-cap value equity strategy at Dreman Value Management, according to a news release. He will co-manage the strategy with David Dreman, the firm's founder and chairman. Mr. Hoover will also work on the firm's small-cap strategies. Michael Sherman, spokesman, was not immediately available for further details. Mr. Hoover was a managing director and portfolio manager at NFJ Investment Group, a subsidiary of Allianz Global Investors; he worked on several large-cap and small-cap portfolios. Megan Frank, spokeswoman for Allianz, said other members of the firm's portfolio management team have assumed Mr. Hoover's responsibilities.

Daniel Kramer was named senior vice president and global head of fund services operations at JPMorgan Worldwide Securities Services, confirmed spokeswoman Pamela Snook. It is a new position, created when the company combined several of its global mutual fund and pension accounting units earlier this year. Mr. Kramer, who will be based in Boston, will report to Yawar Shah, the global head of operations for JPMorgan Worldwide Securities Services. Mr. Kramer was a global managing director of institutional equities at Thomson Financial.